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Aster DM Healthcare’s arm acquires 100% stake in EMED

01 Apr 2020 Evaluate

Aster DM Healthcare, through its wholly owned subsidiary, DM Med City Hospitals (India), has acquired 100% stake in EMED Human Resources India (EMED). EMED is an associate company of Aster DM Healthcare in which the company has 33.33% stake.

Pursuant to the aforementioned acquisition, the shareholding of the company has increased from 33.33% to 100%, thereby making EMED a wholly owned step-down subsidiary of the company.

Aster DM Healthcare operates as a healthcare company in the Middle East, India, and the Far East. It operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems.

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